SACRAMENTO, Calif.—This Easter, Americans will devour more than 1 billion Peeps—those radiant marshmallow chicks whose appearance on store shelves each year is as much a herald of spring as azaleas at the Masters. What makes the treats so vibrant is erythrosine, a chemical that shows up on ingredient labels as Red No. 3. It’s one…
Apple Tells Users Not to Hang up on Operators in Accidental 911 Calls
Apple issued an advisory on what iPhone or Apple Watch users should do if they accidentally call emergency services like 911 when they aren’t actually needed. Because the iPhone 14, Apple Watch Series 8, and Apple Watch Ultra support Apple’s Crash Detection feature that can determine if someone has been in a car accident, it can…
Samsung Cuts Chip Production After Profit Plummets
Samsung Electronics Co. Ltd. said on Friday it is implementing a “meaningful” cut in its chip production after profits plunged, and after smaller companies also announced cuts in chip production. According to a Samsung press release published Friday, the largest memory chipmaker had a profit of 600 billion Korean won ($455 million) for its first…
Microsoft Fined More Than $3 Million in Penalties for Multiple Sanctions Violation
The Biden administration has imposed a multimillion-dollar penalty on Microsoft after the company was found to have engaged in trade with certain sanctioned nations, including Russia and Iran. The Department of Treasury’s Office of Foreign Assets Control (OFAC) has decided on a $2.98 million settlement with Microsoft Corporation. The settlement is related to the company’s…
Tesla Recalls 422 US Vehicles Over Suspension Part
WASHINGTON—Tesla is recalling just over 400 Model 3 vehicles in the United States because front suspension lateral link fasteners may loosen. Tesla will tighten or replace the lateral link fasteners to address the issue that could allow the lateral link to separate from the sub-frame on the recalled 2018 and 2019 model year vehicles. The…
Biden EPA Tightens Screws on Coal Plants
April 7, 2023
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A new proposal by the Environmental Protection Agency (EPA) would boost emissions standards for coal-fired power plants, heartening public health advocates and raising questions from the energy industry about cost and feasibility. It comes after a February 2022 EPA ruling that reversed a Trump administration action in 2020 on the Mercury and Air Toxics Standards…
Tesla Cuts US Prices for 5th Time Since January
Tesla cut prices in the United States between 2 percent and nearly 6 percent, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability. The fifth such cut in Tesla’s largest market since the start of the year comes as the United States…
Few Details in San Francisco Stabbing Death of Cash App Founder Bob Lee
April 7, 2023
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SAN FRANCISCO—Details of how tech executive Bob Lee came to be fatally stabbed in downtown San Francisco early Tuesday were scarce as friends and family continued to mourn the man they called brilliant and kind. San Francisco police found Lee, 43, on the sidewalk in front of a condominium building with stab wounds shortly after…
Walmart Sees Sustained Pressure From Inflation as It Begins Automation Push
Walmart said on Wednesday that inflation would continue to pressure its business this year, and that it would slow its pace of hiring as it builds out automation technology. “We believe, over time, the number of associates will grow, but at a slower pace than in the past as we complement people growth with technology…
The Banking Crisis ‘Great Reset’
April 7, 2023
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Commentary On Sunday, March 5, 1933, just one day after his inauguration, newly elected U.S. President Franklin Delano Roosevelt declared a banking “holiday,” closing all U.S. banks for four days. By the time the first banks began to reopen, financial regulators had scoured the banking system to determine which banks would survive and which would…
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